132
132
May 3, 2013
05/13
by
CNBC
tv
eye 132
favorite 0
quote 0
i think from an investor's perspective, people find it a very tricky environment. if you turn back over the past month, april was one of those characteric months for the seconder. you have a week where the markets are particularly weak and trades very well. then you get two weeks where the news flow changes dramatically and there's a human amount of volatility. and it's a very demanding situation. >> if the ecb were to pursue this route because out feels the interest rates would spur activity across the eurozone. is that fundamentally a game changer from your point of view? >> yeah. and there's one inconsistent and that's what happens at the top line. if you look at what happens last week, you see some very sharp declines. the key revenue for these banks, you're still going through a long period of deaf leveraging. we're talking about ways to stimulate demand for credit. but you can't always make it drink. trying to reduce the transition is ultimate, trying to get credit to the economies is the ultimate parity. the banks, of course, benefit. we've seen the numbers
i think from an investor's perspective, people find it a very tricky environment. if you turn back over the past month, april was one of those characteric months for the seconder. you have a week where the markets are particularly weak and trades very well. then you get two weeks where the news flow changes dramatically and there's a human amount of volatility. and it's a very demanding situation. >> if the ecb were to pursue this route because out feels the interest rates would spur...
168
168
Mar 19, 2013
03/13
by
CNBC
tv
eye 168
favorite 0
quote 0
right now, they're in a great environment. because on top of that, those numbers look great. inventory is low. prices are going up. interest rates are low, which translates to home buyer ability to buy more homes. and we know new homes are more expensive. the big head winds we're facing right now are artificial headwinds. they don't have to deal with the real estate market. those are uncertainty in terms of what the government is going to decide on the rules for qualified residential mortgages under dodd frank which translates to how readily available mortgage loans will be in the next year or so. and, of course, the tax issues with the fiscal cliff and is congress going to be looking at the mortgage interest deduction and other incentives that ever traditionally supported home ownership and doob a deal breaker for a lot of buyers looking to move up. >> what has helped? is it these targeted policies by the government? is it generally that the central bank has been so aggressive? talking about the way foreclosures have been handled, too, which method has yielded the most succe
right now, they're in a great environment. because on top of that, those numbers look great. inventory is low. prices are going up. interest rates are low, which translates to home buyer ability to buy more homes. and we know new homes are more expensive. the big head winds we're facing right now are artificial headwinds. they don't have to deal with the real estate market. those are uncertainty in terms of what the government is going to decide on the rules for qualified residential mortgages...
154
154
Mar 5, 2013
03/13
by
CNBC
tv
eye 154
favorite 0
quote 0
. >> we know the environment is difficult. europe is among the most sophisticated car consumers in the world. and we feel like we're going to be able to win here and win globally. we should be able to make money with this. >> you're being squeezed by the premium brands on one side, the value brands on the other. you've got 26 new brands coming out. how are you going to fight back with these models? >> the way we win is pay attention to the customer. we have great new products. our products win award. we have a brand new convertible here which is dynamite. we're pretty excited about this stuff. >> carl thomas, you're the man who has to take over this european operation and continue working with the customers, with the management teams you've got in place and with the unions, as well. and it's the latter point that at the moment, if you have to cut costs aggressively, which you do to compete, how is that relationship with the unions going to last? because do you need to do what you did stateside and basically cut a lot of capaci
. >> we know the environment is difficult. europe is among the most sophisticated car consumers in the world. and we feel like we're going to be able to win here and win globally. we should be able to make money with this. >> you're being squeezed by the premium brands on one side, the value brands on the other. you've got 26 new brands coming out. how are you going to fight back with these models? >> the way we win is pay attention to the customer. we have great new products....
134
134
Mar 27, 2013
03/13
by
CNBC
tv
eye 134
favorite 0
quote 0
so, i think that may be able to mitigate in a positive growth environment, notwithstanding the risk scenarios i talked about. >> it suddenly sounds like indonesia. mark fuchs, appreciate your thoughts this morning. >>> and a shot in the arm for another emerging economy in the southeast asian islands, the philippines. fitch just raised the credit rating of the country from bb-plus to bb-minus, meaning that's its first investment grade rating. the move is a big vote of confidence for the government's recent drive to reach gdp growth of 8.5%, attract more foreign capital and perhaps stamp out corruption, too. the pse composite surged to a new record high on the news today. cesar purisima is finance minister of the philippines and is joining us on the phone from prague. do you expect celebrations at home? >> actually, we're quite pleased that the credit rating agencies have finally affirmed what the market has been saying for a long time. as you know, the market rate is too much above the investment grade, but we consider this as a non-market treatment of the situation and confirms our focus on g
so, i think that may be able to mitigate in a positive growth environment, notwithstanding the risk scenarios i talked about. >> it suddenly sounds like indonesia. mark fuchs, appreciate your thoughts this morning. >>> and a shot in the arm for another emerging economy in the southeast asian islands, the philippines. fitch just raised the credit rating of the country from bb-plus to bb-minus, meaning that's its first investment grade rating. the move is a big vote of confidence...
138
138
Feb 27, 2013
02/13
by
CNBC
tv
eye 138
favorite 0
quote 0
the general environment or company specifics? >> what we're seeing right now is the general environment is winning out more than company specifics. investors overall are cautious toward the group. they're investing in brands. brands that overall have come under pressure where they are looking. so it's been like df corps who reported last week and overall the guidance was okay, but certainly it gave people more confidence that there was some color out there. i think macy's is another one where guidance was a little better than expected. and overall, i think that's going to be one of the stocks for 2013. >> yeah. are there any tailwinds for these guys? >> i think overall the tailwinds that we're seeing is the housing recovery. the housing recovery and product costs that are in check this year that basically were a little bit out of control last year is helping margins. and housing recovery is helping demand. >> all right. dana, good to see you. thanks for joining us as ever. dana telsey, ceo and chief research officer at the telsey
the general environment or company specifics? >> what we're seeing right now is the general environment is winning out more than company specifics. investors overall are cautious toward the group. they're investing in brands. brands that overall have come under pressure where they are looking. so it's been like df corps who reported last week and overall the guidance was okay, but certainly it gave people more confidence that there was some color out there. i think macy's is another one...
147
147
Feb 12, 2013
02/13
by
CNBC
tv
eye 147
favorite 0
quote 0
environment is depressing. the uk economy is arguably more inflation prone, certainly, than core european economies. and irrespective of this downward pressure on growth. i think it's astonishing that we haven't seen weaker inflation outturns in the uk over the last two years. so there's a sense that i guess the inflation environment is more vulnerable in the uk than the uk or core europe. and these worries persist. and, you know, any change to the focus and central bank strategy with regard to focusing on the inflation target i think just helps to exacerbate these concerns. >> all right. don, stick around. we'll come back to you in a short while. don smith from icap is still to come back to you, as well. >>> european stocks are pretty flat on the session. the ibex slightly higher than it was. >> take a look at what's happened with the reaction. 2.1%, i should say, following from that weaker than expected inflation data. bunds roughly unchanged. pressure coming off in italy with those yields moving ever so slig
environment is depressing. the uk economy is arguably more inflation prone, certainly, than core european economies. and irrespective of this downward pressure on growth. i think it's astonishing that we haven't seen weaker inflation outturns in the uk over the last two years. so there's a sense that i guess the inflation environment is more vulnerable in the uk than the uk or core europe. and these worries persist. and, you know, any change to the focus and central bank strategy with regard to...
144
144
Apr 30, 2013
04/13
by
CNBC
tv
eye 144
favorite 0
quote 0
things in this environment. also, not to do, you know, irrational regulation. so i think it's a cocktail of things we need to do in this environment. i don't think trade will keep dproeg. i think the penetration will have some sort of ceiling on it at some point in time. together, we feed to work with government toes tackle that. >> if you have significant strength in germany, what's going on there? >> well, we have a great portfolio in that market. we're growing fine cut share, we're growing profit. this is growing at the value end of the market. so i think it's an explanation performance from the portfolio. >> what's going on with the slowdown in growth? we saw the latest spanish numbers. what's going on with austerity, people smoking less or more? >> it's a great question. i asked her that, too, is it about about people smoking less? we see some reports that people smoke more in recessions because they're more stressed. she said we're not seeing a decline, but they trade down for cheaper grets and obviously r
things in this environment. also, not to do, you know, irrational regulation. so i think it's a cocktail of things we need to do in this environment. i don't think trade will keep dproeg. i think the penetration will have some sort of ceiling on it at some point in time. together, we feed to work with government toes tackle that. >> if you have significant strength in germany, what's going on there? >> well, we have a great portfolio in that market. we're growing fine cut share,...
141
141
Feb 21, 2013
02/13
by
CNBC
tv
eye 141
favorite 0
quote 0
the housing environment continues to get stronger. equities are still under owned through the world. unemployment will continue to get better and the demographics of the oil being, you know, certainly the shale, gas, etcetera being much lower, there's a democratic huge advantage to the states. so for the u.s., i think it's going to be our top priority for this year. >> i want to get into a couple of specific names. first, let's give people an idea of what's on the agenda in the u.s. weekly jobless claims are out at 8:30 a.m. eastern expected to jump 14,000 to 335,000. we'll get the january cpi index up 0.1%. and january home sales report is expected to show a drop of 1.2% to an annualized rate of 4.9 million homes. leading indicatorers for january and a pair of fed officials speak for the day, st. louis's james bullard and san francisco's john williams. >>> and walmart, yes, will report earnings before the open, so, too, about l chesapeake energy and hormel foods. walmart, fascinating story, is it not? what did you think when they hap
the housing environment continues to get stronger. equities are still under owned through the world. unemployment will continue to get better and the demographics of the oil being, you know, certainly the shale, gas, etcetera being much lower, there's a democratic huge advantage to the states. so for the u.s., i think it's going to be our top priority for this year. >> i want to get into a couple of specific names. first, let's give people an idea of what's on the agenda in the u.s....
167
167
May 10, 2013
05/13
by
CNBC
tv
eye 167
favorite 0
quote 0
>> everybody has to compete in that sort of environment. it is going to be a more competitive environment, individual regions, individual countries are going to have greater difficulties than others. and it's going to be a weeding out profit. >> thank you for joining us. >>> china kicked off a probe on the dumping of steel pipes in the country by u.s., european and japanese firms. the products were mostly used in boilers and steam pipes. the latest investigation came from beijing. and in the tech sector, cnbc learned carl icon carl ikan is offering $12 in shares for pc maker. they say they have also proposed replacing directors and management. dell stock up 5.5% in frankfurt. >>> and british government says the country's tech sector is key to reviving economic growth. lavished attention and funding what it hopes will be at the heart of that revolution of london's tech city. can tech startups rival the likes of silicon valley? they start by asking what more the government needs to do to boost innovation. >> in the uk, technology is leading i
>> everybody has to compete in that sort of environment. it is going to be a more competitive environment, individual regions, individual countries are going to have greater difficulties than others. and it's going to be a weeding out profit. >> thank you for joining us. >>> china kicked off a probe on the dumping of steel pipes in the country by u.s., european and japanese firms. the products were mostly used in boilers and steam pipes. the latest investigation came from...
172
172
Jan 4, 2013
01/13
by
CNBC
tv
eye 172
favorite 0
quote 0
this isn't the environment we're in any more. we have that rally from the summer we were discussing earlier, the draghi comments in europe. a lot of stocks have gone up in line with the market or above the market. but there have been some real stellar outperformers. those are the ones we are flagging up now saying don't think these things are going up forever. they've been a beneficiary of the recovery driving sentiment. but the laggards are often lagereds for a reason. so the adjustments that come back aren't all of those go up, all of those go down. we are finding it difficult to find the sector themes in the short-term and we're very much going into single stock ideas. >> yeah. this is probably the wrong question bearing in mind what you just said, because i was going to talk about the dax as a perform, up 311% by the time we got to the first day of trading this year in a 12-month period. you've talked about conversion. >> it's what's been driving the dax in the second half of 2012. >> we did have the trade to sxoegz your to g
this isn't the environment we're in any more. we have that rally from the summer we were discussing earlier, the draghi comments in europe. a lot of stocks have gone up in line with the market or above the market. but there have been some real stellar outperformers. those are the ones we are flagging up now saying don't think these things are going up forever. they've been a beneficiary of the recovery driving sentiment. but the laggards are often lagereds for a reason. so the adjustments that...
154
154
Mar 18, 2013
03/13
by
CNBC
tv
eye 154
favorite 0
quote 0
i think that we're in a very low interest rate environment that continues to create this wealth effect and the money continues to go to the stock. >> got to leave it there, ben. thank you so much for your time today. >> thank you. >> want to show people quickly what's happening in gold and copper. copper is selling off. we talked briefly about china on the program, but the message should be it's not about a country of 1 million of 0.2% of zero gdp. it's about china and whether global growth jitters are coming back to the fore. with that in mind, we'll hand you over to "squawk box." thank you so much for tuning in. have a great day and hope to see you back here tomorrow.
i think that we're in a very low interest rate environment that continues to create this wealth effect and the money continues to go to the stock. >> got to leave it there, ben. thank you so much for your time today. >> thank you. >> want to show people quickly what's happening in gold and copper. copper is selling off. we talked briefly about china on the program, but the message should be it's not about a country of 1 million of 0.2% of zero gdp. it's about china and whether...
210
210
Jan 22, 2013
01/13
by
CNBC
tv
eye 210
favorite 0
quote 0
there's still caution about the environment in europe. and you've got these record rates of contraction in bank lending in, for example, spain and italy and in portugal. you've got very tight conditions overall. particularly the smaller companies. and that is really keeping a lid on any recovery prospect there along with the ongoing fiscal consolidation that we expect for this year. so it is actually a weak outlook. and to be honest, the euro has appreciated in trade weighted stance by about 6% since the q3 level of last year. but the yen is down 15% since then. >> exactly. julian callow, stay with us. we'll come back for a few more thoughts in just a bit. first, though, we want to get a look at the market reaction here. u.s. futures did trade yesterday despite the markets being closed to celebrate martin luther king jr. day. they were roughly unchanged, not surprising given there wasn't much volume today. same story, there's a bit of hesitation here. the bank of japan, the big news out moving markets. but actually showing some disappoint
there's still caution about the environment in europe. and you've got these record rates of contraction in bank lending in, for example, spain and italy and in portugal. you've got very tight conditions overall. particularly the smaller companies. and that is really keeping a lid on any recovery prospect there along with the ongoing fiscal consolidation that we expect for this year. so it is actually a weak outlook. and to be honest, the euro has appreciated in trade weighted stance by about 6%...
108
108
Sep 25, 2013
09/13
by
CNBC
tv
eye 108
favorite 0
quote 0
but in italy, unfortunately, the fact that there is a very fluid political environment at the moment is policy on short-term. we saw the discussion about the budget which nowadays is based on what is going to happen with the v.a.t. or not. but you don't see the long-term plan. so the answer is yes, that is going to have a toll on growth. but having said that, the way we look at this uncertainty and the performance towards the rest of the region and somewhat a periphery country, we think that knitly there are some elements that could lead the economy to a weaker recovery talk into next year. >> well, i think that the margin has, clearly. and the way you express that nowadays is, for example, looking at how the realignment has worked out. now, there is, i think, a story -- a case to be made, which is one where if you take off the layer of political uncertainty, it's still an economy which has got much more i would say stable fundamentals where you don't have the leveraging cycle there. so if you are a household, you don't know what it's going to be for the next 12 months. you're in pre
but in italy, unfortunately, the fact that there is a very fluid political environment at the moment is policy on short-term. we saw the discussion about the budget which nowadays is based on what is going to happen with the v.a.t. or not. but you don't see the long-term plan. so the answer is yes, that is going to have a toll on growth. but having said that, the way we look at this uncertainty and the performance towards the rest of the region and somewhat a periphery country, we think that...
153
153
Jun 13, 2013
06/13
by
CNBC
tv
eye 153
favorite 0
quote 2
historically the best place to be in a rising interest rate environment in bond market is credit. the reason being is you're starting out with a lot more yield, you're starting without a lower dollar price and these bonds have lot shorter duration. so if bond yields back up all bonds will be affected but the credit is least affected. >> what about that basic question bond yields back up. do you think actually we head nearly 2.3%. is that the ceiling? >> that's a good question. we're not interest rate forecasters, but i think if you look at the fundamentals -- >> you have a view? >> we do. if you look and say what's the inflation rate in the u.s., is there a threat of inflation, i don't think there's a big threat of inflation in the u.s. i don't think the growth rate, everybody is saying the gdp will accelerate between two and three up to four and five. i think treasury is two and a quarter, two and a half. probably a trading range at some point. high yield bonds usually about four or five hundred more percentage points in interest rates. if high yield bonds are at six or seven tha
historically the best place to be in a rising interest rate environment in bond market is credit. the reason being is you're starting out with a lot more yield, you're starting without a lower dollar price and these bonds have lot shorter duration. so if bond yields back up all bonds will be affected but the credit is least affected. >> what about that basic question bond yields back up. do you think actually we head nearly 2.3%. is that the ceiling? >> that's a good question. we're...
154
154
Feb 25, 2013
02/13
by
CNBC
tv
eye 154
favorite 0
quote 0
>> we have created a much better environment than before. but we also have to admit that it's not perfect. you know, we have learned a few things this time. it's not about requirements or any of that. if we implement this system, we should have and could have made it perfect. back then when we did it, some of the environment wasn't there. it just wasn't available. but testing, so on and so forth. so we didn't do perfect. so we should have innovated along the way, got better .all that. those are the things i think we're missing. >> should investors be worried about your future in china? >> we have been rewarded recently since we came to china. but at the same time, china has the other coin, that is it doesn't represent a challenging operating environment for anybody. that is continuously improving. so you can't take the good and not the bad and you have to accept china as it is. when you look at it, we still think this is the best margin we have. we will continue to invest in china, knowing the risks, we just have to do a better job. >> alrea
>> we have created a much better environment than before. but we also have to admit that it's not perfect. you know, we have learned a few things this time. it's not about requirements or any of that. if we implement this system, we should have and could have made it perfect. back then when we did it, some of the environment wasn't there. it just wasn't available. but testing, so on and so forth. so we didn't do perfect. so we should have innovated along the way, got better .all that....
147
147
Aug 8, 2013
08/13
by
CNBC
tv
eye 147
favorite 0
quote 0
they said the weak european environment and low interest environment as well contributed to the numbers. >>> italy's bank cutting its net loss to 279.3 million euros in the second quarter. that was an improvement from the 1.6 billion euro loss from the period a year ago. the results are falling short of analyst estimates hit by lower loan loss provisions and the lender's ceo said he was ready to improve a restructuring plan to meet with the european commission demands to secure state aid. shares down by, what, some 9% or so this year, almost 10% this year, not whornorth a whole lota share by share basis though. >>> as usual, continue to find us, if you want to e-mail through your questions or comments, for the show, for anybody on the show, worldwide@cnbc.com. that's the e-mail address. or you can find us directly on twitter as well, @cnbcwex. or directly on my page, page, @louisabojesen. >>> still to come, here on the show, a mixed picture for europe's insurers as the periphery continues to weigh on the earnings. it is interesting. we'll discuss results for aviva and other key players
they said the weak european environment and low interest environment as well contributed to the numbers. >>> italy's bank cutting its net loss to 279.3 million euros in the second quarter. that was an improvement from the 1.6 billion euro loss from the period a year ago. the results are falling short of analyst estimates hit by lower loan loss provisions and the lender's ceo said he was ready to improve a restructuring plan to meet with the european commission demands to secure state...
153
153
Jun 21, 2013
06/13
by
CNBC
tv
eye 153
favorite 0
quote 1
spending environment. you're talking about the low singling digit i.t. spending environment. getting large deals signed whether it's oracle, an s&p, ibm, it's tougher today than it's been in the last, you know, four or five years. i think part of that is customers want more for less. i think these are the challenges that, you know, you're not just seeing with oracle but across the tech food chain. i think as we look forward, i think you're going to see a modest second half improvement in i.t. spend. but, you know, there's definitely some nervous investors, especially more this morning given what oracle just printed last night. >> what about -- what do you make of this move from the nas back to the nyse. what do the tech guys think about that? >> look, oracle, they've always been a pioneer, right? so this is definitely going to raise some eyebrows. especially out in silicon valley. i think it's -- it's one where they might not be the last. i think it's one where i think a lot of investors as well as other companies could be talking about it. >> does that mean they're now a mat
spending environment. you're talking about the low singling digit i.t. spending environment. getting large deals signed whether it's oracle, an s&p, ibm, it's tougher today than it's been in the last, you know, four or five years. i think part of that is customers want more for less. i think these are the challenges that, you know, you're not just seeing with oracle but across the tech food chain. i think as we look forward, i think you're going to see a modest second half improvement in...
167
167
Feb 20, 2013
02/13
by
CNBC
tv
eye 167
favorite 0
quote 0
happens to coincide here today with a weaker pricing environment. but two totally unrelated events. >>> teleco stocks on the move. kpn's $4 billion capital raising plan is backed. full year earnings below expectations. >>> and comedian-turned-politician says his moving is unstoppable. in an exclusive interview, he says italians need to step aside. >>> the rush to set up shop in china is down. the fastest decline in more than three years in january. >>> okay. lots happening on the program today including a grew interviewer coming up. we'll be counting down to the bank of england minutes after andrew bailey is to lead the new banking regulation unit. the minutes will be out in a half-hour's time. we'll bring those and u.k. unemployment figures. >>> the central bank watch extends overseas as investors stand by for minutes from the federal reserve's latest meeting. they're due out later this afternoon in the u.s. will the fomc offer clues on an end to qe3? we're joined at 11:30 to weigh in. >>> with india's government clouded in corruption allegations,
happens to coincide here today with a weaker pricing environment. but two totally unrelated events. >>> teleco stocks on the move. kpn's $4 billion capital raising plan is backed. full year earnings below expectations. >>> and comedian-turned-politician says his moving is unstoppable. in an exclusive interview, he says italians need to step aside. >>> the rush to set up shop in china is down. the fastest decline in more than three years in january. >>> okay....
133
133
Aug 7, 2013
08/13
by
CNBC
tv
eye 133
favorite 0
quote 0
and july has been pretty better environment in term of market conditions. in term of economic condition, there are signs of improvement in the eurozone, but i think it is too early to count on that in order to make any projection of real turn around of the eurozone activity. signs are positive for the time being, but we have to keep cautious about it. >> how do you think you will perform for the second half of this year? do you give a guidance? how do you fee, for instance, the cost of risk? >> we don't give guidance, we never give guidance about -- we have never. there is no more uncertainty today than ever. it is a policy not to give guidance. in term of cost of risk, we have always said our cost of risk on normal period years around the 35 basis point area, we are at 49 basis points today, slightly below where we were as i mentioned over the last two quarters. i don't expect that we should anticipate -- that it will go down further for this year. again, i think that we have to be cautious on the level of economic growth within the eurozo eurozone. >> nat
and july has been pretty better environment in term of market conditions. in term of economic condition, there are signs of improvement in the eurozone, but i think it is too early to count on that in order to make any projection of real turn around of the eurozone activity. signs are positive for the time being, but we have to keep cautious about it. >> how do you think you will perform for the second half of this year? do you give a guidance? how do you fee, for instance, the cost of...
172
172
Feb 28, 2013
02/13
by
CNBC
tv
eye 172
favorite 0
quote 0
. >> which is interesting because we know grocery chains have not been the friendliest environment for them. we'll have more on this later on in the program. >> and we spoke to a ceo a little earlier in what prompted these moves. >> clearly on our free cash flow, we delivered record high 1.2 billion over last year. so that is why we were looking at share buyback to our performance of the last year and our performance cea divestments. does it work? i think it's working. it certainly improves the extra share. so both sides, of course, we do the right things. >> carolin did ask him about buying harris teeter. he wouldn't comment but said they were looking at way toes deploy cash. we'll take a look at these numbers later on in the program at about 11:10 central european time. ross. >> thanks very much indeed for that, kelly. right. here we are. six to three advancers outpacing decliners on the dow jones stoxx 600. european markets are up at the session low. the xetra dax up 31, the ibex up 24 points. the ftse mib down 0.4%. let's show where you we stand with italian bond yields. post that
. >> which is interesting because we know grocery chains have not been the friendliest environment for them. we'll have more on this later on in the program. >> and we spoke to a ceo a little earlier in what prompted these moves. >> clearly on our free cash flow, we delivered record high 1.2 billion over last year. so that is why we were looking at share buyback to our performance of the last year and our performance cea divestments. does it work? i think it's working. it...
120
120
Dec 11, 2013
12/13
by
CNBC
tv
eye 120
favorite 0
quote 0
continue to make it a safe environment. >> i suppose it can't just be technology. this is -- what responsibility does the provider have for, you know, where is the legal responsibility for what you put on the site and making sure that, you know -- i suppose are you being -- will you have it as a normal exchange for due diligence when it comes to list, for example? >> i think it will be similar to when we launched indygogo the first time. when you go on to the internet and you say what you're going to do, i think we just heard meg whitman say her investor strategy is mean what you say and say what you mean. in did i gogo is the ultimate place to do that. you're telling the world what you want to do. >> what's the most successful -- >> our biggest campaign came out of the uk here, they raised $13 million and 27,000 people for a phone, which is an open operating system they were looking to put into a phone. >> renee, good to see you. thank you so much, co-founder of indy gogo. >>> today's ten-year treasury auction could be a litmus test for december take placer from t
continue to make it a safe environment. >> i suppose it can't just be technology. this is -- what responsibility does the provider have for, you know, where is the legal responsibility for what you put on the site and making sure that, you know -- i suppose are you being -- will you have it as a normal exchange for due diligence when it comes to list, for example? >> i think it will be similar to when we launched indygogo the first time. when you go on to the internet and you say...
172
172
May 28, 2013
05/13
by
CNBC
tv
eye 172
favorite 0
quote 0
so it's going to be a much more difficult environment for banks to make money out there. but it seems to be about valuations out there. the bigger story that's really grabbing people's attention is really about what's happening in the japanese bond market. these are the equity spaces. interesting to see how the japanese government bond yield ticking higher to 0.9%. remember, it was that 1% threshold that caused a lot of the category reaction. interests to see how the japanese government bond yields keeps on moving higher when analystes and traders say that the boj is buying as much as about 400 billion yen. that beats just under 400 billion u.s. dollars on a daily basis. tomorrow we've got that critical meeting between the boj and jgb market participants. if there isn't any conkreekt reaction on as to whether the boj is comfortable, is going to do something to keep the long-term yields down, i think we could see another volatile ride. the nikkei slipped back below the 14,000 handle, managed to close higher. but a lot of focus on wa is going to come out of that meeting. th
so it's going to be a much more difficult environment for banks to make money out there. but it seems to be about valuations out there. the bigger story that's really grabbing people's attention is really about what's happening in the japanese bond market. these are the equity spaces. interesting to see how the japanese government bond yield ticking higher to 0.9%. remember, it was that 1% threshold that caused a lot of the category reaction. interests to see how the japanese government bond...
146
146
May 15, 2013
05/13
by
CNBC
tv
eye 146
favorite 0
quote 0
dollar bullishness environment. they have been cutting rates, china slowed down, commodity prices lower and now we're through parity, so even the technical picture looks less pleasant, but that's been a big mover. short term wise, people talked about kiwi needs to play catch-up, needs to do more. aussie's leading the charge. >> you mentioned we've had this broad dollar strength. what would -- i presume -- does that continue until the next jobs number that isn't as good -- >> two of the next bad number. a month ago, we were talking about u.s. inflation, how low it was and how wonderful that would be because you could extend qe-3 for the next 10 to 20 years and then we get good payroll number and it's hold on, the u.s. is responding, the fed will stop qe next month. we're getting this flip-flopping in u.s. sent manet and the risk to the dollar bull story is a weak dollar. i don't know that we get one, but that's the risk at this point. >> yeah. but yeah, so, we have to watch and wait. >> yeah. >> so you say you think
dollar bullishness environment. they have been cutting rates, china slowed down, commodity prices lower and now we're through parity, so even the technical picture looks less pleasant, but that's been a big mover. short term wise, people talked about kiwi needs to play catch-up, needs to do more. aussie's leading the charge. >> you mentioned we've had this broad dollar strength. what would -- i presume -- does that continue until the next jobs number that isn't as good -- >> two of...
160
160
Oct 11, 2013
10/13
by
CNBC
tv
eye 160
favorite 0
quote 0
you just have to do it in an environment that is not kind of a negotiating environment where one party has the gun to the head of another party with this government shutdown or a threat of not raising the debt ceiling. these are environments that are not conducive towards getting agreements on very, very complicated issues on both taxes and entitlements. again, the normal way this is done is building consensus over proposals and that takes many, many months to do that. >> that would be nice. >> that would be nice if we could do that. >> it would be nice. >> julian, good to see you this morning. thanks very much for joining us. now, at the same time, if constant mention of the "s" word, shutdown, if you want to use some choice language of your own, let us know. some 97% of nasa workers are apparently on furlough with the astronauts on board the international space station notable exceptions. stars of the asteroid watch program in pasadena are staeg hope. who is going to protect us from a hit? the european space agency has to do it on their own. the closing down of the government has aff
you just have to do it in an environment that is not kind of a negotiating environment where one party has the gun to the head of another party with this government shutdown or a threat of not raising the debt ceiling. these are environments that are not conducive towards getting agreements on very, very complicated issues on both taxes and entitlements. again, the normal way this is done is building consensus over proposals and that takes many, many months to do that. >> that would be...
112
112
Jun 11, 2013
06/13
by
CNBC
tv
eye 112
favorite 0
quote 0
a good looking environment. but mentioned the external environment is weak, nothing like it was at the start of the year, down from last year. i think you'll see more and more people revise japan's growth up for this year and into next year. >> alvin, what is the scope for disappointment after the -- we're waiting now, given the upper house elections are out of the way, so we can then see the whites of the eyes of structural reform. howing about a scope ing aboub disappointment? >> i think judging from history itself and the recent stock market movements, it is a reflection of some kind of cautious approach because you may not see the full extent of the arrow being released by the prime minister abe. again, if they get resounding victory, there will be a boost towards the positive sentiment, but as history has shown, i think it is better to be a bit more cautious rather than be highly optimistic on the full recovery from the japan economy itself. >> okay. thanks, alvin. good it see you today. joining us from sin
a good looking environment. but mentioned the external environment is weak, nothing like it was at the start of the year, down from last year. i think you'll see more and more people revise japan's growth up for this year and into next year. >> alvin, what is the scope for disappointment after the -- we're waiting now, given the upper house elections are out of the way, so we can then see the whites of the eyes of structural reform. howing about a scope ing aboub disappointment? >>...
144
144
Feb 5, 2013
02/13
by
CNBC
tv
eye 144
favorite 0
quote 0
you know, really it's a tough environment. i've said they're like a ship without direction because knowing where to go is hard right now. the fed is pushing in risk spreads. there's no reward for extending out the curve and so from an interest rate risk standpoint, there's no reward to go out further. so we do see fix dollars income investors sitting on the sidelines and waiting for the opportunity to get back into the market. and i think you're seeing on a retail side i suspect you're seeing a rotation into stocks based on the flows that we see. >> there seems to be some evidence fixed income investors are going down the lower quality to find yield. is that still happening? >> absolutely it is. i think the first step in that process was moving into -- for our investors moving into municipal bonds. increasingly, our investors are looking down the credit curve. as an example, you can do from two years to ten years and only pick up 17 on basis points. >> we have to go. thanks for joining us. from kelly and i, "squawk box" is nex
you know, really it's a tough environment. i've said they're like a ship without direction because knowing where to go is hard right now. the fed is pushing in risk spreads. there's no reward for extending out the curve and so from an interest rate risk standpoint, there's no reward to go out further. so we do see fix dollars income investors sitting on the sidelines and waiting for the opportunity to get back into the market. and i think you're seeing on a retail side i suspect you're seeing a...
111
111
May 13, 2013
05/13
by
CNBC
tv
eye 111
favorite 0
quote 0
they will weigh the impacts on the environment. they have several stages to work through, including one that hasn't begun yet and could run for months. >>> detroit's emergency manager will issue his report today with several recommendations to help them avoid financial collapse. in a statement kevin orr says the path they have followed for more than 40 years is unsustainable and requires a complete restructuring. the report says bankruptcy remains an option but he hopes to avoid that by cutting costs such as temporary health care and pension and selling city assets. detroit has a junk level rating of more than $15 million in debt. bloomberg is reporting that everyone does it. they got caught. the response is coming on "worldwide exchange." e-mail or tweet us at ross westgtate. and still to come on the second half of "worldwide exchange", european central bank governing council member says the bank could introduce negative bank rates. we'll have more. we'll come back after the break and we'll hear why it just won't go away on the ne
they will weigh the impacts on the environment. they have several stages to work through, including one that hasn't begun yet and could run for months. >>> detroit's emergency manager will issue his report today with several recommendations to help them avoid financial collapse. in a statement kevin orr says the path they have followed for more than 40 years is unsustainable and requires a complete restructuring. the report says bankruptcy remains an option but he hopes to avoid that...
168
168
Mar 14, 2013
03/13
by
CNBC
tv
eye 168
favorite 0
quote 0
too, because it has become a main part about the story, trying to figure out what this new trading environment is that we're in. is it a strong dollar point, steven, or you guys were making a point about the australian dollar today. is it premature to say that is where we're headed here? >> i'm on the -- it's relatively fragile. we're in a period where europe, japan, asia, the brix, they're all disappointed they're going sideways. so u.s. asset markets have been the only game in town. the real test of the dollar cycle will come when we start to see the rest of the world the pick up and it looks to be now the uniqueness of u.s. assets right now is nowhere near as profound as it was, say, in the late '90s and we had the internet boom or the reagan period. so, you know, as far as i'm concerned, the jury is still out. we've gone long dollars, but i wouldn't say that we're deeply committed to that dollar long. >> that's a great point. so just in summary, what is your target for the u.s. dollar index here for the next couple of months? >> you know, we can see it drifting up a couple of percent. i th
too, because it has become a main part about the story, trying to figure out what this new trading environment is that we're in. is it a strong dollar point, steven, or you guys were making a point about the australian dollar today. is it premature to say that is where we're headed here? >> i'm on the -- it's relatively fragile. we're in a period where europe, japan, asia, the brix, they're all disappointed they're going sideways. so u.s. asset markets have been the only game in town. the...
188
188
May 7, 2013
05/13
by
CNBC
tv
eye 188
favorite 0
quote 0
we know it's a difficult issue with the environment. the ceo says that situation in france will continue to be challenging well into 2014. but it's not all that difficult and challenging because in the u.s., he actually says that the recovery is sustainable. that's pretty good news. isn't it? and he says that north america, even in the first quarter, has held up relatively well. he sees solid growth in the emerging market and that could be one of the key drivers going forward. another bright spot according to analysts is the better than expected margin picture and the cost control and the company will continue to cut costs throughout this year. so overall, a mixed set of numbers, even though revenues and the bottom line disappointed, but the outlook is the big, bright spot for this morning. back over to you. >> thanks for that, carolin. >>> meanwhile, as japan enjoyed a national holiday, the market is back and playing catchup. so why are carmakers accelerating? more for us from the nikkei. hi, toshiko. >> hi, ross. the nikkei 225 has cl
we know it's a difficult issue with the environment. the ceo says that situation in france will continue to be challenging well into 2014. but it's not all that difficult and challenging because in the u.s., he actually says that the recovery is sustainable. that's pretty good news. isn't it? and he says that north america, even in the first quarter, has held up relatively well. he sees solid growth in the emerging market and that could be one of the key drivers going forward. another bright...
263
263
Oct 3, 2013
10/13
by
CNBC
tv
eye 263
favorite 0
quote 0
the thing is that you have a very difficult environment still for reforms in italy so now you can say the political situation has cleared up a little bit but the economic situation is still very difficult. there's -- it's really quite simple. you still have bond yields which are much, much higher than growth rates and when you have that situation, it's pure math, gdp continues to grow year after year and whatever reforms you put into place today will have -- will take a long time to affect itself so the unfortunate story is in the eurozone, more debt reinstruction, more brinkmanship is coming. >> claus, thanks for that. good to see you from variant perception. >>> plenty more to come. syria may have been making headlines recently, the u.s. has been continuing with itsers to find peace in the middle east. hadley gamble sat down with a billionaire palestinian involved and will join us from dubai. >>> spain sells five and ten-year bonds in a closely watched auction with results around 10:40 cet. >> we'll ask if this ipo is a sign of times to come for the industry in china at 10:45 ces. >
the thing is that you have a very difficult environment still for reforms in italy so now you can say the political situation has cleared up a little bit but the economic situation is still very difficult. there's -- it's really quite simple. you still have bond yields which are much, much higher than growth rates and when you have that situation, it's pure math, gdp continues to grow year after year and whatever reforms you put into place today will have -- will take a long time to affect...
218
218
Jan 23, 2013
01/13
by
CNBC
tv
eye 218
favorite 0
quote 0
in other words, hopefully the external environment for europe will be improving. >> there have been -- how much will the continuing u.s. political debate drag on the u.s. do you think? >> it's not -- it seemed to me that the biggest risk was of a big break that would produce a serious tightening of fiscal policy that could put in jeopardy both the near-term performance of the u.s. economy and confidence about its long-term prospects. not everything has been solved by a long shot. and there's more to come. but it looks like we've avoided the risk of a serious break. and that's a positive because people were worried. >> and you mentioned china. how -- how encouraged are you by the leadership transition? what -- what is your concern? >> well, there's a very clear roadmap for economic and financial reform in china. that's the five-year plan that was promulgated over a year ago. the question, of course, will the new leadership put this into practice. if it does, there's every reason for not just short term but medium-term optimism. but it's an unknown. many of the elements of the 12-5-year
in other words, hopefully the external environment for europe will be improving. >> there have been -- how much will the continuing u.s. political debate drag on the u.s. do you think? >> it's not -- it seemed to me that the biggest risk was of a big break that would produce a serious tightening of fiscal policy that could put in jeopardy both the near-term performance of the u.s. economy and confidence about its long-term prospects. not everything has been solved by a long shot....
169
169
Nov 20, 2013
11/13
by
CNBC
tv
eye 169
favorite 0
quote 0
the experiment environment unlikely to aid growth. it sees the euro area balance sheet repair as a growth risk. the pace of growth is likely to ease in the next two to three years. inflation will fall in the near term, rise towards year-end and inflation expectations are well anchored. unemployment, this is key, likely to fall further in the next three months. bank rates may not fall immediately. credit has improved. firms' employment receptions have increased and capacity utilization is near normal levels in manufacturing and services. sterling weaker after that 1.5123. let's get some reaction from melanie baker, uk economist at morgan stanley. a lot of those comments reiterating what we saw in the quarterly inflation report. ass yet, nothing to south they'e looking at forward guidance. >> no. they're away from the threshold being reached. asset. the minutes have been on the ground in the past couple of months, as well, in terms of redeveloping the debate. what i'll be looking for will be a sense of whether on the raising interest ra
the experiment environment unlikely to aid growth. it sees the euro area balance sheet repair as a growth risk. the pace of growth is likely to ease in the next two to three years. inflation will fall in the near term, rise towards year-end and inflation expectations are well anchored. unemployment, this is key, likely to fall further in the next three months. bank rates may not fall immediately. credit has improved. firms' employment receptions have increased and capacity utilization is near...
72
72
May 9, 2013
05/13
by
CNBC
tv
eye 72
favorite 0
quote 0
it wa an equity related environment. it did lead to a huge overperformance of the equity environment. the u.s. dollar was a start in the fx market. >> fair enough. good to talk to you. thanks. >>> maybe here is an argument for a slightly weaker euro. yen's -- the ecb is saying the central bank can take further action. this was in a report. they must be aware the risk for negative real rates, but also suggesting that low rates are no permanent solution, but the outlook has dimmed price pressure has eased and it is right for monetary policy to be expansive. and that may just -- the euro is slightly weaker as we get those comments coming through, as well. even from the bundes bank, the ecb and more importantly from the bundes bank saying effectively that the outlook has dimmed those right for monetary policy to be expansive. and the ecb can take further action. meanwhile, jpmorgan is putting out the help wanted signs. the bank is looking for more directors to serve on its risk committee. this is amid calls by changes for it
it wa an equity related environment. it did lead to a huge overperformance of the equity environment. the u.s. dollar was a start in the fx market. >> fair enough. good to talk to you. thanks. >>> maybe here is an argument for a slightly weaker euro. yen's -- the ecb is saying the central bank can take further action. this was in a report. they must be aware the risk for negative real rates, but also suggesting that low rates are no permanent solution, but the outlook has dimmed...
187
187
Mar 6, 2013
03/13
by
CNBC
tv
eye 187
favorite 0
quote 0
they'll be frustrated, and the business environment as a whole will remain risky. the government is expected to call for elections. but i think that probably the vice president, maduro, will probably be the government candidate for elections and will probably win. poll data is uncertain. but he's received a massive boost through being anointed by chavez. and in that respect, the situation is different from a few months ago. >> yeah. and if he is indeed elected, does that mean a change? >> i think things will stay bradley the same for -- broadly the same for the time being. madd video a pragmatist. on the international scene, he will be looking to avoid -- apart from perhaps in the case of the united states, he will be looking to avoid excessive frictions with neighbors. he'll be looking to work with countries like colombia. at home there's been no indication from him or anybody else in the government that it will take a more moderate policy line including things like extracting investments. >> what a lot of people are wondering, what this means to the oil market. >
they'll be frustrated, and the business environment as a whole will remain risky. the government is expected to call for elections. but i think that probably the vice president, maduro, will probably be the government candidate for elections and will probably win. poll data is uncertain. but he's received a massive boost through being anointed by chavez. and in that respect, the situation is different from a few months ago. >> yeah. and if he is indeed elected, does that mean a change?...
188
188
Apr 16, 2013
04/13
by
CNBC
tv
eye 188
favorite 0
quote 0
>> gold i think is a little bit more tricky in this kind of environment. because the shake out that we've seen will sort of dent sentiment on a multi month basis going forward. so i think we sort of tend to prefer things such as bunds where we see 10-year bund yields coming down to below 1 is% in the next six months. treasuries where we sort of see this combined with the continued fed qe purchases producing a move down to 11 is.3% yield. so i think those are the kind of clearer plays that exit in this type of environment. >>> and just talk about spanish bond markets. six-month t bill, it's 0.82 on march 12th. i'm looking for the 12-month yield. 1.274, 1.4%, so t-bill is still coming lower, michael. >> that very much reflects current market conditions and the liquidity phase that we've been in in global markets. this can probably carry for another week or two, but then i think increasingly as we sort of get into the spring and see the economic data continue to remain completely stuck in recession for europe, questions are going to start to be raised and i t
>> gold i think is a little bit more tricky in this kind of environment. because the shake out that we've seen will sort of dent sentiment on a multi month basis going forward. so i think we sort of tend to prefer things such as bunds where we see 10-year bund yields coming down to below 1 is% in the next six months. treasuries where we sort of see this combined with the continued fed qe purchases producing a move down to 11 is.3% yield. so i think those are the kind of clearer plays that...
217
217
Jan 24, 2013
01/13
by
CNBC
tv
eye 217
favorite 0
quote 0
now we've got the right costs for the new environment we're in. and is this a cross to the board picture? >> definitely. banking ultimately is such for the underlying economy. so i think it doesn't take an economy to tell us that the next couple of years is going to be choppy and not the growth we've had for the last 20 years. banking has to go back to basics. fist, think about your revenue and cost base. here on the cost base, huge improvements. they've always been unmanaged because the revenue is growing so, you know, clearly matched to pay people twice as much as we have to. today, people working from i.t. to legal to front office staff to traders, everyone in my view is clearly overbased. given the number of job opportunities that are there, i think banks cap capitalization. they should tell management, cut your costs. and i am sure people would be very happy. >> we're going to see a lot more come on the compensation levels. how should they measure compensation? particularly in banking? >> certainly. so first of all, up to now in investment ba
now we've got the right costs for the new environment we're in. and is this a cross to the board picture? >> definitely. banking ultimately is such for the underlying economy. so i think it doesn't take an economy to tell us that the next couple of years is going to be choppy and not the growth we've had for the last 20 years. banking has to go back to basics. fist, think about your revenue and cost base. here on the cost base, huge improvements. they've always been unmanaged because the...
114
114
Mar 28, 2013
03/13
by
CNBC
tv
eye 114
favorite 0
quote 0
obviously, bund yields in that environment would grind lower. >> how long before bund yields go below 1%? >> it could be a matter of months if not weeks. i don't know, to be honest. the other thing that market systems are very aware of is the u.s. is reaching -- at some point maybe. the fed thinks about exiting. i'm not talking about exiting now, i'm talking about exiting in three years' time. at some point, obviously, the market will fear that u.s. treasury is going to go back up. >> and how much weaker does the euro then go from here? perhaps americans should start looking at the european capitals they would like to visit. david, stay with us. we're going to get a bit more on this in a second. in the meantime, european leaders, are they neglecting the international euro by putting their own needs first? diane nemis criticized the world's largest trading block this morning and said they were hindered by domestic pressures. >> nobody was willing to object to. not because the decision itself was really good, but because there was no position around the state. that's not the way to run
obviously, bund yields in that environment would grind lower. >> how long before bund yields go below 1%? >> it could be a matter of months if not weeks. i don't know, to be honest. the other thing that market systems are very aware of is the u.s. is reaching -- at some point maybe. the fed thinks about exiting. i'm not talking about exiting now, i'm talking about exiting in three years' time. at some point, obviously, the market will fear that u.s. treasury is going to go back up....
135
135
Mar 22, 2013
03/13
by
CNBC
tv
eye 135
favorite 0
quote 0
if you are too punitive of the other 100k depositors, then you hit the financial offshore of the environment. the choice should be obvious to the majority, at least to the european monetary union. >> and most people would assume before depositors were ever looked at as a source of cash, it would be the bondholders that got hit. if cyprus has to raise 67 billion and there's only 1.7 billion in bonds to go after, that won't solve the problem. should they still, though, have tried it? >> i think the natural way to proceed is first feed equity, then junior debt and then senior debt and, last, depositors. and that would very last insure the depositors. so yes, indeed. as you rightly pointed out, it's around 11.7 of which the majority is bailin. but the senior debt is just around 300 million, not billion, for the three largest banks. so it's very, very little. >> and angel gorria in that interview was saying next time or in general, someone has to pay and it should be the critters. nevertheless, antonio has to leave us. thank you for your time. we want to get back out to julia. now that russia has
if you are too punitive of the other 100k depositors, then you hit the financial offshore of the environment. the choice should be obvious to the majority, at least to the european monetary union. >> and most people would assume before depositors were ever looked at as a source of cash, it would be the bondholders that got hit. if cyprus has to raise 67 billion and there's only 1.7 billion in bonds to go after, that won't solve the problem. should they still, though, have tried it?...
143
143
Jan 29, 2013
01/13
by
CNBC
tv
eye 143
favorite 0
quote 0
in this environment and it's harder to provide guaranteed returns, is that a declining revenue stream? >> the problem with life insurers is a lot of their products they sell are discretionary. as people have less income and maybe they can't pay their mortgages, firstly, the top line is going to go down. secondly, as you say, a lot of life insurance profit is dictated by the return. as returns are low, property is under pressure. >> they have sold a lot of structure products to higher end investors. are those in decline, as well? >> yeah. i think a lot of complex analogies. >> and we have sovereignty two coming up which they keep fighting against. do we know what the full impact is going to be? >> it's still in debate. so i think the impact will be an improvement in risk management across the industry. that's a big win in the industry for a whole. they have more on the guarantee they offer and a more wholistic regime should make the industry stronger. >> and in the meantime, we can figure out whether the uk is leaving the eu. >> and then the uk has to worry about selling their products
in this environment and it's harder to provide guaranteed returns, is that a declining revenue stream? >> the problem with life insurers is a lot of their products they sell are discretionary. as people have less income and maybe they can't pay their mortgages, firstly, the top line is going to go down. secondly, as you say, a lot of life insurance profit is dictated by the return. as returns are low, property is under pressure. >> they have sold a lot of structure products to...
168
168
Mar 15, 2013
03/13
by
CNBC
tv
eye 168
favorite 0
quote 0
to these companies and what happens if interest rates move around or just generally if the economic environment worsens? >> i think we believe that the high quality companies will have plenty of access to the capital markets to refinance the debt. the greater challenges with the companies that are overlevered, where there's no way to solve the problem with pure refinancing, they need to be delevered and restructured. we need to see an opportunity around having to unlock that problem with sophisticated capital that can come in and provide a solution to -- >> can you maybe help countries delever, too? i think we need a little bit of that right now. you're getting there, robin dumar, thank you so much for stopping by. >> thank you, kelly. >>> chinese regulators have officially appointed li keqiang as the country's premier. giving them their final stamp of approval to oversee the cabinet. he has an economic ph.d. as he inherits a slower growing economy, he'll face pressure to tackle china's widening wealth gap. eunice yoon joins us now with more. there were 2940 yes votes, six who abstained and thr
to these companies and what happens if interest rates move around or just generally if the economic environment worsens? >> i think we believe that the high quality companies will have plenty of access to the capital markets to refinance the debt. the greater challenges with the companies that are overlevered, where there's no way to solve the problem with pure refinancing, they need to be delevered and restructured. we need to see an opportunity around having to unlock that problem with...
123
123
Jul 11, 2013
07/13
by
CNBC
tv
eye 123
favorite 0
quote 0
but if we do get a type of risk off environment again due to growth concerns in china and emerging markets, then the yen could see some -- the dollar/yen could see downward pressure. >> let's bring you in as well. indonesia central banks sprung a surprise on the markets by hiking rates by a half a percentage points to 6.5 points and most were looking for 25 basis points. it is the second rate hike in a row. how much pressure is being put on these markets by fed policy, by the slowdown in china, by what's going on with the yen? >> yeah. first of all, i was looking for a 50 basis points hike today, slightly above consensus. but, again, this is an interesting decision in context of the fed minutes last night. which should have relieved the pressure to hike more aggressively. but again, what it shows is really the consideration is not just from the external front, but indonesia has its own problems in particular in inflation. it is already well above target and that's before the fuel price hikes they did last month. i think they're trying to be proactive, trying to be on the ball and trying to
but if we do get a type of risk off environment again due to growth concerns in china and emerging markets, then the yen could see some -- the dollar/yen could see downward pressure. >> let's bring you in as well. indonesia central banks sprung a surprise on the markets by hiking rates by a half a percentage points to 6.5 points and most were looking for 25 basis points. it is the second rate hike in a row. how much pressure is being put on these markets by fed policy, by the slowdown in...
267
267
Jan 21, 2013
01/13
by
CNBC
tv
eye 267
favorite 0
quote 0
the bank of japan, if you monetize the debt in a low inflationary environment, is this a free lunch? >> right. >> in the uk, it has turned out to be a free lunch. would it in japan? possibly, yes, and, therefore, i wonder if these issues ever will be addressed. >> and what's so interesting, you're seeing these bizarre rates happening in a monetary policy. we feel like we're in a whole new regime where people feel like it doesn't matter at all. wondering if it matters at all how much you spend and borrow in these situations. how does it change, if at all your strategy from here? >> it makes having a long-term strategy really, really tough. and you can see that in the markets right now. what people see by more investment, it gets pushed into treasuries, into eks, and we see markets trading at very elevated levels. relative to fundamentals appears to become the norm. and i would argue that we're now in a world where it's very difficult to recruit any decent returns. as a result, as investors, we're going to have to live with that. >> and a lot of people are just closing up shop and sayi
the bank of japan, if you monetize the debt in a low inflationary environment, is this a free lunch? >> right. >> in the uk, it has turned out to be a free lunch. would it in japan? possibly, yes, and, therefore, i wonder if these issues ever will be addressed. >> and what's so interesting, you're seeing these bizarre rates happening in a monetary policy. we feel like we're in a whole new regime where people feel like it doesn't matter at all. wondering if it matters at all...
184
184
Sep 6, 2013
09/13
by
CNBC
tv
eye 184
favorite 0
quote 0
and if you can create a better environment, a more cohesive environment again, taxation, regulation, the like, you're going to have more of an ability -- >> i'll make you president for the next 30 seconds. what would you get the administration to do as its absolute priority to keep the u.s. recovery on track? >> trade and investment. again, those are the two biggest priorities we have. and i think that we have got to open up markets, you know, completely. get a lot more investment in infrastructure, in an opening up markets. and so i think those are the two biggest priorities we have. and we got some key opportunities coming up. you've got the wto ministerial meeting in december. and one of the things that came out of the doha development round, the multilateral round, was trade facilitation. this is the customs, logistics, all the processing getting things done. they are looking at a comprehensive trade facilitation bill and they got to pass it. >> that's great advice. changed my mind. i'll make you chairman of the federal reserve. are you going to start tapering next week? >> yes,
and if you can create a better environment, a more cohesive environment again, taxation, regulation, the like, you're going to have more of an ability -- >> i'll make you president for the next 30 seconds. what would you get the administration to do as its absolute priority to keep the u.s. recovery on track? >> trade and investment. again, those are the two biggest priorities we have. and i think that we have got to open up markets, you know, completely. get a lot more investment...
102
102
Apr 10, 2013
04/13
by
CNBC
tv
eye 102
favorite 0
quote 0
it's sort of in this environment kind of middle path to nowhere given where both democrats and republicans are in congress and where they are from their own budgets. hard to see that. at least it gives for the president's purposes a rhetorical path going into the summer and those fiscal debates. >> what do you think, ben? >> i agree with tony. it's a nice phrase. middle path to nowhere. i don't think this is headed toward grand bargain or piece of budget legislation that actually gets passed on capitol hill. what he's done is made a move to put himself between democrats up in arms about cuts to medicare and social security and republicans who say absolutely no new revenue all we want is cuts. we want to balance the budget in ten years. that gap is too far to bridge right now for a grand bargain on the hill behind me but i think at least in terms of allowing obama to say i'm the guy in the middle willing to take on the liberal wing in my party bring republicans in, have dinner at the white house with republican senators and trying to build good will there. it makes sense politically for him
it's sort of in this environment kind of middle path to nowhere given where both democrats and republicans are in congress and where they are from their own budgets. hard to see that. at least it gives for the president's purposes a rhetorical path going into the summer and those fiscal debates. >> what do you think, ben? >> i agree with tony. it's a nice phrase. middle path to nowhere. i don't think this is headed toward grand bargain or piece of budget legislation that actually...
200
200
Dec 20, 2013
12/13
by
CNBC
tv
eye 200
favorite 0
quote 0
so there is a real discrepancy about what people can afford and the new environment. >> but this is the new normal now, isn't it? >> if you look to mark carney, the governor, you might well think it. he keeps saying under forward guidance, it's a staging -- >> how many years does it take before you describe something as normal? >> well, we did have the biggest financial collapse since the 1930s. but i think many -- i think you're right, but i think many people would say that given we've had such good economic data, you've got the growth figures kind of upgraded there, that we should be returning to an environment where interest rates start to tighten. and i think the counterargument would be what you hear from carney and things like this. but, actually, can people afford them? can that group of people who are on mortgage -- you have this mortgage debt won't be able to service them. unless wage increases follow suit. ross, are you looking for a 20% wage increase anytime soon? >> no, no negotiations not this year i'm afraid. no, not happening. borrowing is bigger than expected at 16.5 bil
so there is a real discrepancy about what people can afford and the new environment. >> but this is the new normal now, isn't it? >> if you look to mark carney, the governor, you might well think it. he keeps saying under forward guidance, it's a staging -- >> how many years does it take before you describe something as normal? >> well, we did have the biggest financial collapse since the 1930s. but i think many -- i think you're right, but i think many people would say...
196
196
Mar 7, 2013
03/13
by
CNBC
tv
eye 196
favorite 0
quote 0
what needs to happen to improve the business environment for you? >> undoubtedly, there have been a number of sad and unfortunate events that have happened. but if you look at the essence of the south of can economy, which is, of course, our biggest concern, the economy is still growing at around about 2.5%, which is not as high as it needs to be, but it's certainly not a major problem. so if you look, there's a lot of new activity, a lot of new people coming into the banking system. while there might be a high level negative perceptions about south africa in the media, i think the economy itself is still performing roamly well and is we're doing well as a result. >> record high provtsd, record high profit sharing, thank you for your time today. >>> the ecb president mario draghi is not expected to unveil any new measures to help the economy in their meeting today. carolin roth is in frankfurt ahead of that meeting. carolin, earlier we were discussing the options that the ecb has in front of them. it sounds like they're not going to exercise any of
what needs to happen to improve the business environment for you? >> undoubtedly, there have been a number of sad and unfortunate events that have happened. but if you look at the essence of the south of can economy, which is, of course, our biggest concern, the economy is still growing at around about 2.5%, which is not as high as it needs to be, but it's certainly not a major problem. so if you look, there's a lot of new activity, a lot of new people coming into the banking system....
157
157
Nov 19, 2013
11/13
by
CNBC
tv
eye 157
favorite 0
quote 0
you have a 1% to 2% iq spending environment. i think cloud is really the catalyst as you see more e enterprises going in that direction. that's why sales for has proven it, work day is another one. now it's oracle, microsoft, emc where cisco, you could argue, that everyone is looking at, you know, where the growth opportunities are. and, again, i think it's ultimately going to translate into a massive m&a cycle as more of these companies look to get a piece of that cloud growth in a real tough i.t. spending environment. >> daniel, thanks for that. daniel ives. more to come from richard. >>> as we've been saying, carl icahn has been weighing in on a whole host of market levels with apple raising its buyback. bill ackman, hear what he has to say. any action from another high profile billionaire investor, coming up next. >>> now, never once to mince words, carl icahn has been weighing in on a range of topics. let's get more. seema mody is with us in the stadz. a big reaction to mr. icahn. absolutely. icahn says there's a chance the
you have a 1% to 2% iq spending environment. i think cloud is really the catalyst as you see more e enterprises going in that direction. that's why sales for has proven it, work day is another one. now it's oracle, microsoft, emc where cisco, you could argue, that everyone is looking at, you know, where the growth opportunities are. and, again, i think it's ultimately going to translate into a massive m&a cycle as more of these companies look to get a piece of that cloud growth in a real...
132
132
Nov 14, 2013
11/13
by
CNBC
tv
eye 132
favorite 0
quote 0
so i think that's going to be the best environment to taper. now, we asked heading into that direction, as well. >> every single uk fund manager tends to hold the performance as a fairly steady holding. .you get these events. you've got to have a bar bell somewhere that qualifies as not too stodgy, not going back too far and does the job as far as buying. >> the challenge they have is it's rather stoked up expectations as something a bit dramatic as we talk two years ago about setting itself for targets. it's mostly achieved by now and certainly achieved the others by the end of the year. >> meanwhile, cisco has failed to slow down is getting even deeper. and the company, seen as a bellwether for corporate i.t. spending is giving an unusually grim forecast for the future. courtney reagan is joining us with the details. what has john chambers been saying? >> hi. good morning to you, ross. it's not such a great quarter. the fiscal quarter earnings beat forecast i by 0.2%. the company's own projections of 3% to 5% growth. cisco warning second quar
so i think that's going to be the best environment to taper. now, we asked heading into that direction, as well. >> every single uk fund manager tends to hold the performance as a fairly steady holding. .you get these events. you've got to have a bar bell somewhere that qualifies as not too stodgy, not going back too far and does the job as far as buying. >> the challenge they have is it's rather stoked up expectations as something a bit dramatic as we talk two years ago about...
193
193
Sep 2, 2013
09/13
by
CNBC
tv
eye 193
favorite 0
quote 0
you know, there have to be some things to lower that overheating economy or overheating inflation environment in the near term which is what they're doing with the benchmark rate. >> how much of that inflation is imported inflation? >> it is. a fair bit of it is. imports are up 6.5% this year. it's imported largely because of or in the last few weeks because of the devalued currency. the currency is down about 13%. until today it was down 13% on year against the dollar. today it fell another 2% so the ruppe really isn't doing well. we're starting to see secondary impacts of inflation. in august part of the impacts were doing around the transportation, food, clothing, so on. because of the economy, we're starting to see the secondary impacts of inflation in indonesia as well. in june they lifted a subsidy on fuel. that's still hitting the monthly inflation. >> tony, good to see you. thank you. >> thanks a lot. >> stocks shared in the recent activity. shares down as much as 10% after the brokerage was slapped with unprecedented fines and executive suspensions. today two more executives handed i
you know, there have to be some things to lower that overheating economy or overheating inflation environment in the near term which is what they're doing with the benchmark rate. >> how much of that inflation is imported inflation? >> it is. a fair bit of it is. imports are up 6.5% this year. it's imported largely because of or in the last few weeks because of the devalued currency. the currency is down about 13%. until today it was down 13% on year against the dollar. today it...
143
143
Apr 3, 2013
04/13
by
CNBC
tv
eye 143
favorite 0
quote 0
is it going to be the stronger growth in china or the environment in india? >> china is more important in that sense from a global economic perspective. the chinese data is what you need to watch out more for. it's the second biggest economy in the world. it has brought implications for growth in the rest of the region including where i'm sitting for example. it has implications for export growth out of europe. for me from a global perspective is the one i would watch out more for and progress we have seen is quite encouraging. the recovery we see in china is somewhat broad based. we saw that a few days ago in terms of pmi that improved over february. >> at the same time the theme about how emerging markets are disappointing again continues to emerge. i wonder if we don't have to separate china from the rest of the story from emerging markets which india is a great example of this morning. what would the acronym be? why is china holding in well but emerging markets elsewhere are disappointing? >> i think in china's case it has to do with the case that they ha
is it going to be the stronger growth in china or the environment in india? >> china is more important in that sense from a global economic perspective. the chinese data is what you need to watch out more for. it's the second biggest economy in the world. it has brought implications for growth in the rest of the region including where i'm sitting for example. it has implications for export growth out of europe. for me from a global perspective is the one i would watch out more for and...